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Technology
Technology companies operate in a business environment characterized by interconnectedness, rapid technological change, increasing
regulation, intense competition and demanding customers―which, taken together, represent an ever-widening array of potentially
costly risks.
Could your technology company experience situations like these?
- You sign a global technology services contract that requires the customized integration of your software in 15 countries within
a one-year time frame. It takes more than two years for you to fulfill the entire contract, and you are sued for breach of
contract due to the delay.
- Your software fails to prevent unauthorized access to a hospital’s patient records due to a security feature defect. As a
result, your hospital customer is the subject of a HIPAA enforcement action and seeks to recover from you all fines, penalties
and costs associated with the security breach.
- You outsource a portion of your software development. A fire at a key supplier’s premises destroys computers and source materials,
resulting in significant delay in delivery of a customized software solution for a key customer.
Chubb has a long history of developing solutions to address the unique characteristics and exposures technology companies
face. Through an extensive global network of dedicated underwriters, loss control engineers and claim resources, we are able
to help you manage these critical risks as your business grows. We focus on:
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